Los Angeles, San Francisco Cash Basis Flat in Early Trade
7/17 11:38 AM
Los Angeles, San Francisco Cash Basis Flat in Early Trade Kristina Davis DTN Refined Fuels Market Reporter MIAMI (DTN) --- Cash gasoline basis in Los Angeles and San Francisco were unchanged a slow start to trade Thursday with federal data showing PADD 5 gasoline inventories at their highest level in nearly a year. West Coast PADD 5 gasoline inventories continued higher a third straight week through July 11 to 31.147 million bbl, the highest level since August 2024, according to Energy Information Administration data released Wednesday. EIA reported PADD 5 gasoline imports rose to 144,000 bpd from 112,000 bpd, more than triple the 41,000 bpd brought in during the same week last year. July CARBOB in L.A. held at a 1ct premium to August NYMEX RBOB futures while prompt CARBOB in the Bay was flat at a 12cts futures premium. In refinery news, Phillips 66 reported planned flaring at its 85,000 bpd Wilmington refinery today through Saturday (7/20), according to a notice with the South Coast Air Quality Management District. An initial determination of the flaring is unknown and remains under investigation. (c) Copyright 2025 DTN, LLC. All rights reserved.
 
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